{"id":3982,"date":"2021-10-01T21:00:00","date_gmt":"2021-10-01T15:30:00","guid":{"rendered":"https:\/\/mudrex.com\/blog\/?p=3982"},"modified":"2022-11-07T17:54:54","modified_gmt":"2022-11-07T12:24:54","slug":"eth-btc-protocol-flippening","status":"publish","type":"post","link":"https:\/\/mudrex.com\/blog\/eth-btc-protocol-flippening\/","title":{"rendered":"Matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol?? \ud83d\udd25\ud83d\udd25"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>This Week in The Flippening, TL;DR<\/strong><\/h4>\n\n\n\n<p>Which crypto has the potential to replace Bitcoin as the leading crypto network? Find out what Polygon founder has to say. VISA takes progressive steps to create a smooth adoption and functioning of CBDCs. The US Federal Reserve does not intend to ban cryptocurrencies. Coin of the week, top Mudrex algos, Mudrex launches its much-awaited Coin Sets, memes, and more.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-wide\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><img decoding=\"async\" width=\"17\" height=\"17\" alt=\"\ud83d\udd0a\" src=\"https:\/\/lh4.googleusercontent.com\/qQ_gpTgEiO6hg9vN3qJWfGsC9cE6a75j_l5ir9N0EIGPuSu_3Mlew47ryqhTGaR6ocZBVJEl8GtxJZ9p2XvAU1jx-Bxmnay3DJ6KYbo4SDPlkERpHBA9VRV99CrodeNCKzOB_L6c=s0\">&nbsp;<strong>Top Highlights of the Week (ending 1st Oct)<\/strong><\/h4>\n\n\n\n<p><strong>Ethereum Will replace Bitcoin as the leading crypto network, claims Polygon co-founder\ud83d\ude80\ud83d\ude80\ud83d\ude80<\/strong><\/p>\n\n\n\n<p>According to Polygon\u2019s co-founder, Sandeep Nailwal, it is only a matter of time before Ethereum overtakes Bitcoin as the dominant layer-1 protocol. He justifies his claim stating that the Ethereum chain, because of its fundamentals, security, the level of decentralization and the community and the trust that it has created as a chain over time, is just beyond the reach of any other chain.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><strong>VISA Is Working On A Interoperability Network Concept For Central-Bank-Digital-Currency Payments \ud83e\udd29\ud83e\udd29<\/strong><\/strong><\/p>\n\n\n\n<p>Universal Payments Channel (UPC) outlines how various blockchain networks can be interconnected to allow the transfer of CBDCs. It shows how Visa can help exchange various CBDCs built on different blockchains in the future. Ultimately, Visa aims for UPC to serve as a &#8220;network of blockchain networks&#8221; to move digital currencies around.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/VIsa-1024x576.jpg\" alt=\"\" class=\"wp-image-3985\" width=\"768\" height=\"432\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/VIsa-1024x576.jpg 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/VIsa-300x169.jpg 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/VIsa-768x432.jpg 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/VIsa.jpg 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure><\/div>\n\n\n<p><strong><strong>US Federal Reserve Chairman declares to have no intention to ban Bitcoin And Cryptocurrencies\ud83d\udca5<\/strong><\/strong><\/p>\n\n\n\n<p>The Federal Reserve (FED) Chairman, Jerome Powell, recently stated that the United States Government should regulate Bitcoin And other cryptocurrencies. However, there is no intent to ban Bitcoin and other cryptocurrencies entirely as it would likely be a bad scenario for the economy. A China-style ban would not be a good option for the future of innovation and technological development.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Us-Fed.jpg\" alt=\"\" class=\"wp-image-3984\" width=\"768\" height=\"464\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Us-Fed.jpg 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Us-Fed-300x181.jpg 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Us-Fed-768x464.jpg 768w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-wide\"\/>\n\n\n\n<h4 class=\"wp-block-heading\">\ud83d\udcf0 <strong>Other news and top reads:<\/strong><\/h4>\n\n\n\n<ul>\n<li>New Australian crypto legislation likely in 2022: <a href=\"https:\/\/cointelegraph.com\/news\/senator-bragg-tells-nft-fest-new-australian-crypto-legislation-likely-in-2022\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read it here<\/a><\/li>\n\n\n\n<li>El Salvador Starts Bitcoin Mining Using Volcanic Energy: <a href=\"https:\/\/coinmarketcap.com\/headlines\/news\/breaking-el-salvador-starts-bitcoin-mining-using-volcanic-energy\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read it here<\/a><\/li>\n\n\n\n<li>NFT Virtual Land Platform Prices Grow 42,000% in One Month: <a href=\"https:\/\/coinmarketcap.com\/headlines\/news\/nft-virtual-land-platform-prices-grow-42000-in-one-month\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read it here<\/a><\/li>\n\n\n\n<li>White hat hacker paid DeFi\u2019s largest reported bounty fee of $1.05 million: <a href=\"https:\/\/cointelegraph.com\/news\/white-hat-hacker-paid-defi-s-largest-reported-bounty-fee\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Read it here<\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-wide\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><img loading=\"lazy\" decoding=\"async\" width=\"17\" height=\"17\" alt=\"\ud83d\udcb0\" src=\"https:\/\/lh5.googleusercontent.com\/NLQbtU5Y2cl72VtU8SIiUOjO4BuEE00430uVkqAg68c7OsyQ-GAFgte1V-n4MlHPjohl2ZLIXvYg_ash_2zXOdJAoQUFLBtiXGGcLp8kDHkaiUmCNXw6ddegJ-eYRqT866KOMA1u=s0\"> <strong>Market Performance Overview<\/strong><\/h4>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Market-Performance-Overview-1-1024x494.png\" alt=\"\" class=\"wp-image-3987\" width=\"768\" height=\"371\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Market-Performance-Overview-1-1024x494.png 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Market-Performance-Overview-1-300x145.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Market-Performance-Overview-1-768x371.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Market-Performance-Overview-1.png 1133w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure><\/div>\n\n\n<p>After last week\u2019s slump, markets witnessed minimal changes with not much movement in the top coins. However, Cardano, Binance Coin and Polkadot saw steep changes, with nearly -5.19%, 7.9% and -7.8%, respectively. Many other Altcoins also saw moderate price movements.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"371\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Sector-Performance-Breakdown.png\" alt=\"\" class=\"wp-image-3995\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Sector-Performance-Breakdown.png 600w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Sector-Performance-Breakdown-300x186.png 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure><\/div>\n\n\n<p>Sector-based investing can be an excellent move to build long-term wealth in cryptos.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-wide\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong><strong>Featured \u2014 Mudrex Coin Sets are now live!<\/strong><\/strong><\/h4>\n\n\n\n<p><strong><a href=\"https:\/\/mudrex.com\/coinsets\/invest\" target=\"_blank\" rel=\"noreferrer noopener\">Mudrex Coin Sets<\/a><\/strong> are baskets of crypto tokens based on themes, which are spread across the cryptocurrency realm, encompassing the top tokens that will help users generate good returns in the long term. These crypto baskets are managed and re-balanced by Mudrex experts to ensure that they are improved as the market changes.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Coinsets-1-1024x576.png\" alt=\"\" class=\"wp-image-3989\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Coinsets-1-1024x576.png 1024w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Coinsets-1-300x169.png 300w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Coinsets-1-768x432.png 768w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Coinsets-1-1536x864.png 1536w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/Coinsets-1.png 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-wide\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Coin of the week<\/strong><strong>\ud83e\udd11\ud83d\udcb8<\/strong><\/h4>\n\n\n\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><strong>Avalanche: AVAX<\/strong><\/a><\/p>\n\n\n\n<p>AVAX will soon be listed on Coinbase!&nbsp;The $180 million incentive program from the AVAX team has lured some of the best dApps to be deployed on the Avalanche blockchain. Aave would likely be going live on Avalanche soon. On top of it, several other well-known dApps would follow suit in the coming days. The transaction fees are dirt cheap on the AVAX ecosystem.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity is-style-wide\"\/>\n\n\n\n<p>Here we are, at the end of our 9th edition. We hope you liked reading it. Please write back with your feedback, comments, and stuff that you\u2019d like us to include in the newsletter. We leave you with a crypto trading hamster that is outperforming top cryptocurrencies and the S&amp;P 500 Index since June.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"432\" src=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/abVP04r_460swp.jpg\" alt=\"\" class=\"wp-image-3992\" srcset=\"https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/abVP04r_460swp.jpg 442w, https:\/\/mudrex.com\/blog\/wp-content\/uploads\/2021\/10\/abVP04r_460swp-300x293.jpg 300w\" sizes=\"(max-width: 442px) 100vw, 442px\" \/><\/figure><\/div>","protected":false},"excerpt":{"rendered":"<p>This Week in The Flippening, TL;DR Which crypto has the potential to replace Bitcoin as the leading crypto network? Find out what Polygon founder has to say. VISA takes progressive steps to create a smooth adoption and functioning of CBDCs. The US Federal Reserve does not intend to ban cryptocurrencies. Coin of the week, top [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[1082],"tags":[14,18,510,449,450,565],"_links":{"self":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/3982"}],"collection":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/comments?post=3982"}],"version-history":[{"count":5,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/3982\/revisions"}],"predecessor-version":[{"id":65453,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/posts\/3982\/revisions\/65453"}],"wp:attachment":[{"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/media?parent=3982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/categories?post=3982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mudrex.com\/blog\/wp-json\/wp\/v2\/tags?post=3982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}